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December 27, 2023
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Kyber Network axes workforce by 50% one month after $49M exploit

The firm said it’s priorities now are to keep KyberSwap’s Aggregator and Limit Order functions up and running and to reimburse impacted customers.   The decentralized […]
December 27, 2023
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Hong Kong to oblige stablecoin issuers to obtain license – consultation paper

The criteria for obtaining an HKMA license will include full backing of all circulating stablecoins with reserves “at least equal to the par value.”   Hong […]
December 27, 2023
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Grayscale refiles Bitcoin ETF application as Barry Silbert departs

Grayscale has “finally surrendered” to cash creations in its amended filing to convert GBTC into a spot Bitcoin ETF.   Grayscale, a cryptocurrency asset management firm, […]
December 27, 2023
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Crypto ‘trading platforms’ were part of $2.2B illegal Chinese forex ring: Report

The latest bust is another salvo in China’s war on capital flight — which some believe is the real reason behind the country’s continued ban on […]
December 27, 2023
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Bitrace report zeroes in on stablecoin money laundering methods

Illegally obtained stablecoin may sell at a premium or a discount, depending on how it is being laundered.   Blockchain research firm Bitrace has conducted a […]
December 27, 2023
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ARK’s Cathie Wood sees short-term effect of spot Bitcoin ETF as ‘sell on news’

ARK Invest CEO Cathie Wood expects some investors to “sell on the news” of spot Bitcoin ETF approval in the short term, but the long-term perspective […]
December 27, 2023
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Amid legal troubles, Changpeng Zhao’s wealth increased by $25B in 2023

Bloomberg ranked the former Binance CEO as the 35th wealthiest person on the planet, ahead of Citadel CEO Ken Griffin and behind Uniqlo CEO Tadashi Yanai. […]
December 26, 2023
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Tether mints $1B USDT for ‘inventory replenish’ — CEO Paolo Ardoino

Tether Treasury minted another one billion “authorized but not issued” USDT on Christmas Day, triggering some skepticism from the community.   Tether, the company behind the […]
December 26, 2023
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Stablecoin laws: 25 countries had legislation in place in 2023

Out of 43 countries analyzed by PwC, as many as 25 jurisdictions had stablecoin regulations in place in 2023.   The stablecoin sector, featuring cryptocurrencies like […]
December 26, 2023
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Sotheby’s sold $35 million worth of digital art in 2023

The 279-year-old British-American auction house also recorded the highest fee for digital artwork yet in 2023.   Sotheby’s, the renowned fine arts auction house, has reported […]
January 2, 2023
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Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation

The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for […]
January 2, 2023
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Bitcoin Core developer hack highlights self-custody risks: Community Response

A Twitter user pointed out that if a top Bitcoin developer can’t keep his wallet secure, then mass adoption is a pipe dream.   Although one […]
December 29, 2022
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MicroStrategy to offer Bitcoin Lightning solutions in 2023

MicroStrategy’s Lightning Network solutions include Satoshi-powered incentives for marketing and website cybersecurity.   MicroStrategy CEO Michael Saylor shared his company’s plans to release software and solutions […]
December 29, 2022
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Celsius wants to extend the deadline for claims as lawyer fees mount

Administrative expenses from the bankruptcy proceedings have already topped $53 million, and continued delays are chipping away at Celsius’ estate.   Bankrupt crypto lender Celsius Network […]
December 29, 2022
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California regulator warns of 17 crypto websites suspected of fraud

The last time the DFPI sent out such a large batch of crypto scam alerts was in June when it sounded the alarm over 26 dubious […]
December 28, 2022
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Kraken quits Japan for the second time, blaming a ‘weak crypto market’

The crypto exchange said it will deregister from Japan’s Financial Services Agency as a crypto asset exchange operator from Jan. 31.   Global cryptocurrency exchange Kraken […]
December 28, 2022
South-Korea-Crypto

Executives from $1.5B South Korean crypto exchange fraud jailed

The latest indictment now brings the number of V Global executives behind bars to seven, with the leader serving 22 years in prison.   Six executives […]
December 28, 2022
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China’s CBDC wallet resorts to ages-old tradition to boost adoption

The digital yuan wallet application uses the traditional Chinese way of donating money, which has become virtual with the growth of digital payments.   China’s digital […]
December 27, 2022
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Russia’s largest bank issued gold-backed digital financial assets

The issuance became the bank’s second deal in the new asset class.   Russia’s largest bank, Sber – formerly known as Sberbank – has announced the […]

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